Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
Home»ADOPTION NEWS»Canary Capital Files First Hedera HBAR Spot ETF with SEC
ADOPTION NEWS

Canary Capital Files First Hedera HBAR Spot ETF with SEC

By Crypto FlexsNovember 12, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Canary Capital Files First Hedera HBAR Spot ETF with SEC
Share
Facebook Twitter LinkedIn Pinterest Email

Canary Capital has applied for the Hedera HBAR cash exchange-traded fund with the U.S. Securities and Exchange Commission. This is the first cryptocurrency fund of its type.

The cryptocurrency investment company filed its S-1 registration statement with the SEC on Tuesday. According to the fund, it seeks to “provide exposure to the underlying asset value of the Hedera network.” filing.

HBAR is the native digital asset of the Hedera network, a decentralized public network that uses the Hashgraph consensus algorithm. Hedera facilitates fast and secure transactions globally and is governed by a council of prominent companies and organizations. This governance model is designed to ensure that decisions and token distribution are conducted in a secure and compliant manner. HBAR is used within the Hedera ecosystem for a variety of purposes, including supporting decentralized applications, facilitating transactions, and participating in network governance.

According to the document, the Canary HBAR ETF plans to hold only HBAR directly without using derivatives, futures, or other financial products. The S-1 filing does not identify a trustee or trustee.

The company also previously Released October HBAR Trust for Accredited Investors. Steven McClurg founded Canary Capital and previously founded Valkyrie Funds, which holds other spot cryptocurrency ETFs. Canary Capital previously filed a registration statement for Spot. Litecoin ETF, Solana ETF and XRP ETF.

It is unclear whether the SEC will approve more spot cryptocurrency ETFs. Agency approved. 11 Spot Bitcoin ​ETFs were released earlier this year and shortly thereafter. green light About 8 Ethereum ETFs. The filing also comes as current SEC Chairman Gary Gensler, who has been critical of cryptocurrencies, looks increasingly likely to decide to resign before a new presidential administration takes office. President-elect Donald Trump also announced that he would resign. fire If elected, Gensler.

Officials representing President Trump are reportedly considering Robinhood Chief Legal Officer Dan Gallagher, former Republican SEC Commissioner Paul Atkins, and former SEC General Counsel Robert Stebbins to become SEC chairman. Reuters.

Gensler said the agency’s decision when approving a spot Bitcoin ETF last January was as follows:cabined “With one set of documents.”

“We have other papers in front of us, but we’re not going to prejudge them for you or the audience,” Gensler said. interview With CNBC. “This is something a five-member committee will discuss and review.”

Update: 6:00 PM UTC on November 12 with full details


Disclaimer: The Block is an independent media outlet delivering news, research and data. As of November 2023, Foresight Ventures is a majority investor in The Block. Foresight Ventures invests in other companies in the cryptocurrency space. Cryptocurrency exchange Bitget is an anchor LP of Foresight Ventures. The Block continues to operate independently to provide objective, impactful and timely information about the cryptocurrency industry. Below are our current financial disclosures.

© 2024 The Block. All rights reserved. This article is provided for informational purposes only. It is not provided or intended to be used as legal, tax, investment, financial or other advice.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Ether Lee (ETH) tests major support for $ 4,453 after the highest rejection.

August 31, 2025

Bitcoin analysts bet on $ 200K after hints of Fed.

August 23, 2025

‘Self -transactions, dressed in capital layout’: The cryptocurrency financial craze divides the industry.

August 15, 2025
Add A Comment

Comments are closed.

Recent Posts

Bitcoin Price Posts for 5 consecutive August losses: Will Michael Saylor react?

August 31, 2025

Metaplanet’s bitcoin strategy is having trouble with stock plummet in the crisis of financing.

August 31, 2025

Next chapter of ecosystem support program

August 31, 2025

Ether Lee (ETH) tests major support for $ 4,453 after the highest rejection.

August 31, 2025

BNB price forecast: Target $ 890- $ 900 in September 2025.

August 31, 2025

After BTS Star Jungkook has 39 billion hacking, South Korea will crack down on encryption fraud.

August 30, 2025

FY Energy Offers Industry-leading Cloud Computing Systems, Offering Opportunities For Daily Passive Income Of $7,580 Through Mining.

August 30, 2025

Four coins to be purchased as decisions for five branch XRP ETFs will be pushed until October.

August 30, 2025

Ethereum-Based Meme Project Pepeto ($PEPETO) Surges Past $6.5M In Presale

August 29, 2025

Use Australia’s Top Cloud Mining Tools To Become A Millionaire!

August 29, 2025

Bitcoin is under pressure with gold aiming to be the highest ever.

August 29, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Bitcoin Price Posts for 5 consecutive August losses: Will Michael Saylor react?

August 31, 2025

Metaplanet’s bitcoin strategy is having trouble with stock plummet in the crisis of financing.

August 31, 2025

Next chapter of ecosystem support program

August 31, 2025
Most Popular

Bitcoimex Scams Cryptocurrency Trading DApps to Avoid

January 17, 2024

Binance Launches ‘Word of the Day’ Game with Stablecoin Theme

November 18, 2024

BNB Incubation Alliance Announces Winners at Brussels Event

July 11, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.